Al­stom First-Half Net Profit Surges


PARIS (Dis­patches) - French man­u­fac­tur­ing group Al­stom, which has agreed to merge its rail op­er­a­tions with Ger­many’s Siemens , re­ported a surge in first-half net profit and kept its 2020 fi­nan­cial tar­gets.

In­terim net profit at Al­stom, which makes trains and other trans­port and in­fra­struc­ture prod­ucts, rose 66.4 per­cent from a year ago to 213 mil­lion eu­ros (189.73 mil­lion pounds), with turnover pro­gress­ing 5 per­cent from last year.

Al­stom, in which French con­glom­er­ate Bouygues owns a stake, main­tained its 2020 tar­gets. These goals in­clude sales grow­ing or­gan­i­cally by 5 per­cent per year by 2020, and for Al­stom to have an ad­justed EBIT (earn­ings be­fore in­ter­est and tax) mar­gin of around 7 per­cent by 2020.

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